This property looks like a bad Long-Term investment with a projected -3.93% first-year return on $32,025 initial cash invested.
-3.93%
Cash On Cash
6.28%
Cap Rate
0.95
DSCR
$1,209
Rent
-$105
Cashflow
Cash Flow
$1,209 income − $1,314 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$153k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$32,025
Downpayment
20%
$30,500
Closing costs
1%
$1,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,209
Total Expenses
$1,314
Mortgage P&I
70%
$843
Property Taxes
8%
$91
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$60
Vacancy
6%
$73
Maintenance
5%
$60
Other
0%
$0